William Blair Reaffirms Outperform Rating for e.l.f. Beauty Inc (ELF)
e.l.f. Beauty Inc (NYSE:ELF)‘s stock had its “outperform” rating restated by analysts at William Blair in a note issued to investors on Monday.
ELF has been the topic of a number of other reports. JPMorgan Chase & Co. assumed coverage on shares of e.l.f. Beauty in a research report on Monday. They set a “neutral” rating and a $28.00 price target on the stock. Piper Jaffray Cos. assumed coverage on shares of e.l.f. Beauty in a research report on Monday. They set an “overweight” rating and a $30.00 price target on the stock. Wells Fargo & Co. assumed coverage on shares of e.l.f. Beauty in a research report on Monday. They set a “market perform” rating on the stock. Finally, Stifel Nicolaus assumed coverage on shares of e.l.f. Beauty in a research report on Monday. They set a “hold” rating and a $25.00 price target on the stock. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $29.17.
Shares of e.l.f. Beauty (NYSE:ELF) traded down 1.2771% during trading on Monday, reaching $26.6848. 19,083 shares of the company’s stock were exchanged. The company has a 50 day moving average of $26.49 and a 200 day moving average of $26.49. e.l.f. Beauty has a 12-month low of $23.73 and a 12-month high of $28.92. The stock’s market cap is $82.94 million.
In other e.l.f. Beauty news, major shareholder Cosmetics Corp. J.A. sold 1,457,901 shares of e.l.f. Beauty stock in a transaction dated Tuesday, September 27th. The shares were sold at an average price of $15.81, for a total transaction of $23,049,414.81. Following the transaction, the insider now directly owns 8,279,999 shares of the company’s stock, valued at $130,906,784.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
e.l.f. Beauty Company Profile
e.l.f. Beauty, Inc is a holding company that offers its services in the cosmetics category. The Company’s cosmetics category consists of face makeup, eye makeup, lip products, nail products and cosmetics sets/kits, and excludes beauty tools and accessories, such as brushes and applicators. It offers various brands in the cosmetics industry.
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